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How to Close a Dollar Savings Direct Account
Posted By Jim On 08/18/2010 @ 12:34 pm In Banking | 2 Comments
As I slowly creep towards a simplified personal finance system, I take aim at an account that has treated me fairly well over the years – my Dollar Savings Direct high yield savings account . Dollar Savings Direct used to have extremely good rates back in the day but the years have not been kind to the online arm of the NY-based Emigrant Bank. It’s taken me this long to close the account because I had a pair of 16-month CDs waiting to mature (the last of which matured this month) and it was only a matter of time before the account got the axe.
Closing an account at Dollar Savings Direct can be completed entirely online, though their website doesn’t explain how, and is pain-free. (as an aside, their customer service number goes directly to a human being, so calling is easy too but you can’t close an account over the phone)
You should get a response shortly indicating your account closing. That’s it!
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